XRP Overtakes Uber in Market Cap, Sets Sights on $200B Valuation
XRP has achieved a significant milestone as its market capitalization surpasses the valuation of the American multinational transportation company Uber. Popular crypto aggregator CoinGecko highlighted the latest feat today, noting that XRP’s market cap has surpassed that of Uber. According to the announcement, the market value of XRP reached $196.6 billion today, exceeding Uber’s $193.7 billion valuation.
XRP reached this milestone after a dramatic rally triggered by the SEC and Ripple’s joint motion to dismiss their appeals. The filing ignited a new rally for XRP, with its price soaring from $2.99 to $3.38, marking an intraday increase of 13%.
On the other hand, Uber’s stock is trading at $92.67, translating to a market valuation of $193.78 billion. Meanwhile, U.S.-based PepsiCo, India’s HDFC Bank, and Australia’s Commonwealth Bank are valued at $197.03 billion, $193.69 billion, and $192.57 billion, respectively.
XRP Eyes $200B Valuation
At the moment, XRP is less than $3 billion away from overtaking other major companies, like Shopify, AT&T, and Merck. Last month, XRP outpaced most of these companies, including Uber, after its valuation surged above $215 billion in the broader bull market of July.
However, it plunged below the $200 billion territory as Trump unveiled his most recent tariff plan. Now, XRP is once again aiming to reclaim that milestone, fueled by the recent joint motion from the SEC and Ripple.
Despite surpassing major traditional assets, XRP remains the third-biggest cryptocurrency by market cap. It currently ranks behind Ethereum and Bitcoin, which are valued at $472 billion and $2.32 trillion, respectively.
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